Global Test Innovation Leader, AEM Opens New 365,000 Sq Plant In Penang

AEM, a global leader in test innovation, celebrates the grand opening of its new manufacturing plant in Penang. The new plant comprises a 365,000-square-foot area for assembly, quality assurance (QA), a warehouse, an R&D lab, and more, to develop advanced testing and handling equipment.

This expansion comes on the heels of AEM’s highest recorded nine-month revenue level in history for 9M2022 at SGD$747 million. The new plant will also allow AEM to tap into the region’s growth opportunities and talents and bring its operations closer to existing and new customers.

In terms of investments, Penang is among the top contributors to the country, garnering RM9.2 billion in approved manufacturing investments from January to September 2022. Particularly, investments from the machinery and equipment industry amounted to a total of RM7.3 billion from 2020 to September 2022, representing 57 percent of the country’s total,” said Right Honorable Mr. Chow Kon Yeow, Chief Minister of Penang, while congratulating AEM for bringing the expansion plan to fruition.

Malaysia is an important market as it is strategically positioned in the heart of Southeast Asia. The E&E industry contributes significantly to Malaysia’s GDP growth, export earnings, investment and employment and plays a vital role in the country’s industrial development. From January to September 2022, Malaysia attracted a total of RM22.6 billion in approved investments for the E&E industry.

As a hub in the semiconductor global supply chain, Penang accounts for 80 per cent of the nation’s contribution to global backend semiconductor output, and over 5 per cent of the world’s semiconductor sales over the last few years.

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